Malegam panel breathes new life into microfinance sector
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Malegam panel breathes new life into microfinance sector
Jan 20, 2011
NDTVDeepika Thapliyal
Microfinance is not limited to credit. It empowers low-income households to increase income, build assets, and reduce financial risks. Many MFIs also provide savings options, micro-insurance, and financial literacy programmes that help families plan better for health, education, and emergencies. Through group lending models and capacity-building initiatives, microfinance fosters stronger community bonds while enabling long-term progress. At Svamaan, we are simplifying what microfinance truly sta
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Microfinance is not limited to credit. It empowers low-income househol…
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2011 marked a regulatory milestone for Indian microfinance. Acting on the Malegam Committee’s recommendations, the RBI introduced a master circular—defining NBFC-MFIs and setting clear rules for lending and recovery. This shift brought structure, oversight, and much-needed credibility to a sector emerging from the crisis. Follow and stay tuned as we continue to explore the history of microfinance through #Micromosaic #Microfinance #FinancialInclusion #RuralEmpowerment #WomenEntrepreneurs #Svamaa
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2011 marked a regulatory milestone for Indian microfinance. Acting o…
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